Lou: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Lou
Largest movements
- Receivables within one year -€2,930
down €2,930 (-50.1%), from €5,851 to €2,921
of which Other amounts receivable: -€2,527
- Cash -€918
down €918 (-24.6%), from €3,732 to €2,814
mainly Current portion of long-term debt (-€11,901) and Tax, wage and social debts (-€375)
- Deferred charges and accrued income -€168
down €168 (-37.4%), from €449 to €281
- Current portion of long-term debt -€11,901
no longer reported in 2025 (was €11,901)
- Other debts +€4,362
new in 2025: €4,362
- Trade debts +€2,181
up €2,181 (+1453.7%), from €150 to €2,331
- Profit (loss) carried forward +€1,800
up €1,800 (+72.7%), from -€2,477 to -€677
- Tax, wage and social debts -€375
down €375 (-60.8%), from €617 to €242
- Gross operating margin +€3,757
up €3,757, from -€671 to €3,086
- Other operating charges +€705
up €705 (+239.3%), from €295 to €1,000
- Depreciation -€411
no longer reported in 2025 (was €411)
- Financial charges -€218
down €218 (-51.7%), from €422 to €204
- Financial income -€140
no longer reported in 2025 (was €140)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,261 | €8,258 | -€4,003 | -32.6% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €12,261 | €8,258 | -€4,003 | -32.6% |
| Stocks and contracts in progress | 3 | €2,229 | €2,242 | +€13 | +0.6% |
| Stocks | 30/36 | €2,229 | €2,242 | +€13 | +0.6% |
| Amounts receivable within one year | 40/41 | €5,851 | €2,921 | -€2,930 | -50.1% |
| Trade receivables | 40 | €1,820 | €1,418 | -€403 | -22.1% |
| Other amounts receivable | 41 | €4,031 | €1,504 | -€2,527 | -62.7% |
| Cash at bank and in hand | 54/58 | €3,732 | €2,814 | -€918 | -24.6% |
| Deferred charges and accrued income | 490/1 | €449 | €281 | -€168 | -37.4% |
| Total equity and liabilities | 10/49 | €12,261 | €8,258 | -€4,003 | -32.6% |
| Equity | 10/15 | -€477 | €1,323 | +€1,800 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,477 | -€677 | +€1,800 | +72.7% |
| Amounts payable | 17/49 | €12,738 | €6,935 | -€5,803 | -45.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,668 | €6,935 | -€5,733 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €11,901 | - | -€11,901 | |
| Trade debts | 44 | €150 | €2,331 | +€2,181 | +1453.7% |
| Suppliers | 440/4 | €150 | €2,331 | +€2,181 | +1453.7% |
| Taxes, remuneration and social security | 45 | €617 | €242 | -€375 | -60.8% |
| Taxes | 450/3 | €617 | €242 | -€375 | -60.8% |
| Other amounts payable | 47/48 | - | €4,362 | +€4,362 | |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | - | -€411 | |
| Other operating charges | 640/8 | €295 | €1,000 | +€705 | +239.3% |
| Non-recurring operating charges | 66A | - | €65 | +€65 | |
| Gross operating margin | 9900 | -€671 | €3,086 | +€3,757 | |
| Operating profit (loss) | 9901 | -€1,377 | €2,021 | +€3,398 | |
| Financial income | 75/76B | €140 | - | -€140 | |
| Recurring financial income | 75 | €140 | - | -€140 | |
| Financial charges | 65/66B | €422 | €204 | -€218 | -51.7% |
| Recurring financial charges | 65 | €422 | €204 | -€218 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,659 | €1,817 | +€3,476 | |
| Income taxes | 67/77 | - | €17 | +€17 | |
| Profit (loss) for the period | 9904 | -€1,659 | €1,800 | +€3,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,659 | €1,800 | +€3,460 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.